Barrick Gold Achieves Record Q3 Profit as Gold Prices Rise : Eldora Gold Resources News
Eldora Gold Resources Canada News - Barrick Gold (NYSE:ABX), the world s largest producer of the
yellow metal, posted a record profit for the third quarter, as...
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Barrick Gold Achieves Record Q3 Profit as Gold Prices Rise : Eldora Gold Resources News
Eldora Gold Resources Canada News - Barrick Gold (NYSE:ABX), the world s largest producer of the
yellow metal, posted a record profit for the third quarter, as lower-than-expected cash costs and higher
gold prices boosted overall production.
During the period, the company recorded net income of $837 million, or $0.
85 per share, from a loss of
$5.
4 billion, or $6.
07 per share, in the year-ago quarter, when the company had $5.
7 billion in charges
related to the elimination of its gold hedging program.
Adjusted for one-time items, profits rose 75% to $829 million in the third quarter, or $0.
84 per share,
beating analyst expectations of $0.
76 earnings per share.
Sales also jumped 40% to $2.
8 billion in the period, compared to $2.
0 billion a year earlier.
Eldora Gold Resources Canada News - Barrick said that its better-than-expected results were primarily a
result of the company s third quart
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